Is Swinomish Reservation, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swinomish Reservation is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Swinomish Reservation has remained a Seller's Market.

Key Takeaway

Swinomish Reservation is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Swinomish Reservation, WA

How much do homes in Swinomish Reservation, WA cost?

Median Sold Price

$529,500

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$49,500(+10.3%)

Key Takeaway

Homes in Swinomish Reservation have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Swinomish Reservation was $529,500 in September 2024, up 10.3% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $355K-
N/A
2 $508.5K$537.5K
+5.7%
3 $478.5K$520K
+8.7%
4 $499K$534.5K
+7.1%
5+ --
N/A

Summary: Swinomish Reservation housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bay View
+12.1%
Swinomish Reservation
+10.3%
La Conner
+5.7%

Housing Supply in Swinomish Reservation, WA

How many homes are available in Swinomish Reservation, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3425-26.5%

Summary: The Swinomish Reservation real estate market had 25 homes for sale in September 2024, a 26.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 2116
-23.8%
4 54
-20.0%
5+ 00
0.0%

Summary: The Swinomish Reservation housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Swinomish Reservation, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Swinomish Reservation in September 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Swinomish Reservation, WA

How long does it take to sell a home in Swinomish Reservation, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
55 Days60 Days+8.2%

Summary: Homes in Swinomish Reservation had an average of 60 days on market in Sep 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Swinomish Reservation has remained consistent over time.

Summary: During September 2024, 6 homes were sold in Swinomish Reservation; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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